Profitable Network of Established Restaurants – Nearly $8m in Revenue

New York
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Asking Price:$3,000,000
Gross Revenue:$7,800,000
Cash Flow:$1,000,000
FF&E:$3,000,000
BUSINESS DESCRIPTION

This is a unique opportunity to purchase a network of 3 profitable, full-service local restaurants with one of the most established, best brands in its marketplace. For over 30 years, this brand has been providing its community with delicious cuisine in very inviting, comfortable restaurant settings. The family behind the restaurants has established menus, cooking lines, processes and management in place which makes this business opportunity especially appealing to new ownership who would like to immediately capture a solid footprint in one of the best markets in the US. Over the years the Company has curated its menus in order to maximize efficiency in the kitchen and keep its Cost of Goods under control. The results are 3 profitable, well-run, well-staffed restaurants ready for new ownership to step in. The founding family is now ready to move on to their next chapter and want to sell their very successful business to a new owner or group who will continue their legacy and good name. The founders will help with the transition by teaching and training the new ownership in their methods of success. The restaurants are turnkey with good leases, established repeat customers, complete operations and staffing, plus one of the most established and recognized local brands. Absolutely ready for the right new ownership to continue the success and grow. Please refer to listing number 15328 when inquiring about this opportunity.


DETAILED INFORMATION
Location
New York
Inventory
Not Included in asking price
Real Estate
Leased
Employees
50
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
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Ken
Stein/Kensington Company
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Ken Stein/Kensington Company